Question: i need help by using Excel Question No. 1: In the environment of increased competition, a fitness club executive is considering the purchase of additional

i need help by using Excel Question No. 1: In thei need help by using Excel

Question No. 1: In the environment of increased competition, a fitness club executive is considering the purchase of additional equipment. His alternatives, outcomes, and payoffs (profits) are shown in the following table: Favorable Market Unfavorable Market EQUIPMENT Acme $400,000 $175,000 Standard $280,000 -$90,000 High Pro $95,000 -$15,000 a) If the executive is an optimistic decision maker, which alternative will he likely choose? b) If the executive is a pessimistic decision maker, which alternative will he likely choose? c) Market research suggests the chance of a favorable market for fitness clubs is 76%. If the executive uses this analysis, which alternative will he likely choose

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